First Mover Americas: Bitcoin Slips as Report Shows Faster-Than-Expected US Jobs Growth
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Crypto traders and analysts have been monitoring the Fed's actions because many see the U.S. central bank's $4 trillion-plus of money-printing over the past couple years as having stimulated prices for risky assets. Now that the Fed and President Joe Biden are pledging to tamp down inflation that has been at its fastest in four decades, prices for bitcoin and stocks have come under severe downward pressure. Inflation is at its highest level in decades, inflation has been in the United States since 1980s; inflation is now in the midst of the highest rate in the country's history. Source